Prior to Monday, the penny stock world could have cared less about Resource Ventures, Inc. (OTC PINK: REVI) and their President, Bob Thompson, However, now that The Bull(Sh!t) Exchange has issued their newest alert to follow the poor performance YaFarm Technologies (YFRM) had in its first three trading sessions. With an average volume of just 5,256 prior to today, expect to see Kool aid drinkers quenching their thirst with REVI stock only to see how they could have gotten in cheaper in the next two days.
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REVI Stock Quote
Market Cap: 68.17M
Last: 0.0815 ▲ 0.0545 (201.85%)
Dollar Volume: $855,760
Issued and Outstanding: 92,660,437
Public Float: 77,579,174
14-Day Rel Strength: 47.02%
14-Day Stochastic: 0.71%
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With no cash on hand and $359,119 due from vendors and even insiders who borrowed money from the Company, Resource Ventures announced today that they have acquired Global Energy Management Ltd., an independent energy investment company, formed in 2012, to be a participant in the paper shuffling game of acquisitions and explorations of oil and gas leases while pumping how they will be developing, acquiring and operating electrical generation and distribution facilities. How to do it all – sell the dream and REVI stock at the same time.
Said to be valued at $10 million, the acquisition of Global Energy Management is said to bring Resource Ventures several projects that are in early to late stage negotiations, planning or development, including the development of plans for a 200MW power plant in Africa. Humanitarian projects in Africa involving food, water and power have been ongoing since Michael Jackson and the rest of the 80’s pop icons joined forces with “We are the World” and they couldn’t make difference. But that’s all changed now since world energy demands are projected to increase 53% by 2035.
The kicker here though is that the Company claims to have booked $1,573,603 in sales for the year ended December 31, 2012. While they are not an SEC filer, you will have to take the MS Word created income statement for what its worth. However, sitting at ground-floor prices, with a tight float of under 20 million, TBX believes this is a great investment to be taken seriously. Wait for REVI stock to dip to .065 later today or .045 tomorrow before stepping in to flip it and walk away.
About REVI Stock
Resource Ventures, Inc., an emerging independent global Electrical Power Production and Petroleum Exploration Company, is focused on the acquisition and development of a diversified portfolio of complementary power generation and energy production projects.
Last 5 Trading Sessions:
Bottom Line: YFRM stock was pretty terrible after day one, dropping more than -50% from the day one HOD before stretching its legs to run from .09 to .33, a 266% gain for anyone timing it perfectly. Based on the OS structure for REVI and the huge ability to fluff news for weeks, traders are better off waiting for the dip before entering. Chances are REVI stock, from the dip, can match those gains YFRM provided making it a penny stock worth watching.
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